GoodWe Technologies (688390) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached ¥6.25 billion, up 52.96% year-over-year, driven by strong growth in energy storage batteries and inverters despite a decline in residential system sales.

• Net profit attributable to shareholders was ¥286 million, a significant turnaround from a loss in the prior year period.

• The company expanded its global presence, with overseas sales accounting for 72.72% of total revenue.

• Major product innovation and R&D efforts continued, with 82 new intellectual property rights granted in the period.

Financial highlights

• Operating income: ¥6.25 billion, up 52.96% year-over-year.

• Net profit attributable to shareholders: ¥286 million, compared to a loss of ¥16.6 million last year.

• Operating cash flow: ¥152 million, up from negative ¥43.9 million last year.

• Total assets: ¥12.94 billion, up 37.35% from year-end 2025.

• Basic and diluted EPS: ¥1.19, up from -¥0.07.

Outlook and guidance

• The company expects continued global expansion, with a focus on energy storage and smart energy solutions.

• Management highlights risks from international trade barriers, exchange rate volatility, and changes in export tax rebate policies.

• Ongoing investment in R&D and product innovation is planned to maintain competitiveness.